In the current real estate market because there are so many choices of homes available to buyers, sellers are busy trying to figure out how to ensure that their home is the one that will stand out in the crowd. Of course the right price and location are key pieces of the puzzle, but what about remodeling?
In my earlier post How Much Will Remodeling Raise Your Homes Value, I spoke about the five remodeling projects that brought the biggest return for dollars spent. In this post I will talk about the five projects that bring the least bang for the buck according to Realtor Magazine and Remodeling Magazine.
- Remodeling a home office - 57% return
- Adding a back-up generator - 58% return. Although it is priceless during a long power outage.
- Adding a sunroom - 59.1%
- Adding an upscale master bedroom brings only a 64.1% return and could cost over $200,000.
- Adding an up scale garage - 64.6% return
To see the full report click here.